Subordination Agreement 1980-167178 •
•
RECORDING REQUESTED BY: n -167178
POWAY MUNICIPAL WATER DISTRICT FILE/PAGE tY
RECORDED
1980�T OF WHEN RECORDED MAIL TO: RECORDED REQUEST OF
TITLE INSURANCE & TRUST CD.
NAME MAY 2 2 8:00 AM'80
STRE way Municipal Water Distrix R OFFICIAL RECORDS
ADDR rice: 12324 Oak Knoll Road SAN DIEGO COUNTY, CALIF'
VERA L LYLE
CITY Failing: P. 0. Box 348 RECORDEI
STAZIPTFPoway, California 92084
THIS SPACE FOR RECORDERS USE NO
r000C 9g9 08
SUBORDINATION AGREEMENT
FOR VALUE RECEIVED, the undersigned, as Beneficiary under a Deed of Trust
dated December 26 1978 , recorded in the Office of the County Recorder of
San Diego County, becember 29, 1978 File No. 78-558609 , and as owner
and holder of the obligations thereby secured does hereby make subject and subordinate
the liens thereon to the Easement granted by LOMAS VERDES DEVELOPMENT CO.
to POWAY MUNICIPAL WATER DISTRICT, it being understood and agreed that foreclosure of
said Deed of Trust shall not affect, defeat or render invalid any rights under and by
virtue of said easement, and said easement shall be paramount and superior to the
rights of any purchaser under a foreclosure of said Deed of Trust.
Said easement is described in EXHIBIT "A" attached hereto and affects the real property
described in the said Deed of Trust,
LOMAS VFRDFS nFVF1ORMENT CO_ as Trustor,
and
SAFECO TITLE INSURANCE CO. as Trustee,
and
CAL FFn ENTERPRISES as Beneficiary.
Beneficiary declares and acknowledges that it hereby intentionally waives, relinquishes
and subordinates the priorities and superiorities of the lien and charge of said
Deed of Trust upon the land described therein in favor of said easement, and that it
understands that in reliance upon and in consideration of this waiver, relinquishment and
subordination specific monetary and other obligations will be entered into by Third
Parties which would not be made or entered into but for said reliance and the execution
by Beneficiary of this waiver, relinquishment and subordination.
TED:
e'‘79/,/( /y mkt) BENEFICIARY:
R/W # 106Q14R9 CAL FED ENTERPRISES
Exc. # 7
Proj . I nNMAS VFRDFS FSTATES BO 3
NO CHARGE ON THIS DOCUMENT
BY ! VICE PRESIDENT
TITLE
FOR THE BENEFIT OF
"4'1 &--t14/ 41 AdrAmMrlr-
PuWay tiuniCi-pal Water Dist. ASST. VICE PRESIDENTTITLE
STATE OF CALIFORNIA,
COUNTY OF SS. rt
On 1 �',r ��- /4/ e) before me, the under- FOR NOTARI(-S 1 JOR STAMPsigned, a Notary Public in and for said County
and State, Personally appeared ,4j//), C Cfl,vhX,
known to me to be the /CC President, and
i)_111L u ►.. . ,)Iicnl ,c ,Y, known to me to be r: : •.F-
11• - Eari.„,uc,�,r Secretary of the corporation that ='�
�-,
executed the within Instrument, known to me to be
the persons who executed the within Instrument on a.,..41„ OFFICIAL SEAL
behalf of the corporation therein named, and ,li+��`L!. M JOANN COMER
Y� �� NOTARY PUBLIC - CALIFORN't
acknowledged to be that such corporation �R�
executed the within instrument pursuant to its �` t� LDS ANGELES COUNTY
'l-`'' My comm. expires APR 9, R"'
by-laws or resolution of its board of directors.
5670 Wilshi : Blvd., #940, los Anr.lcs, CA L'00:Q.
/
SIGNATURE F NOTARY l� C'FIC AL '
FILE M JOANN COMER
DOC. # 3�� p t; toot.ov �UBuC CALIFORNIA
�.' ^j LOS ANGELES COUNTY
.Lorrr7A.5 (1 E£OFS 43 �.'3.,�,. My comm. expires APR 9, 1984
5670 Wilshire Blvd., #940, Los Angeles,CA 90036
01323 •
RECORDING REQUESTED BY:
AND WHEN RECORDED MAIL TO:
NAME
STREET
ADDRESS
CITY
STATE
7IP This space for Recorder's use
Tax Parcel No. 273-790-03 NO DOCUMENTARY TRANSFER TAX NO FEE
EXHIBIT "A"
GRANT OF RIGHT OF WAY
LOMAS VERDES DEVELOPMENT CO. , a general partnership
, as Grantor, for and in consideration of the sum of One Dollar and
other valuable consideration paid by POWAY MUNICIPAL WATER DISTRICT, a public corporation
as Grantee, receipt whereof is hereby acknowledged, do hereby grant to said
POWAY MUNICIPAL WATER DISTRICT
its successors and assigns, an easement of right of way 20..00 feet in width in, upon, over, under, and across the
lands hereinafter described, to erect, construct, reconstruct, replace,repair,maintain and use a pipeline or pipelines for any and
all purposes, together with their necessary fixtures and appurtenances including but not limited to facilities for power trans-
mission and communication purposes, at such locations and elevations, upon, along, over and under the hereinafter described
right of way as Grantee may now or hereafter deem convenient and necessary from time to time, together with the right of in-
gress thereto and egress therefrom,to and along said right of way by a practical route or routes in,upon,over and across the here-
inafter described lands,together with the right to use said right of way for access to Grantee's rights of way situated in adjacent
lands.
The lands in which said easement of right of way is hereby granted are situated in the County of San Diego
State of California, and are particularly described as follows, to wit:
Lot 275 of Panorama Hills Unit No. 2, in the County of San Diego, State of California,
according to the Map thereof No. 8457, filed in the Office of the County Recorder of
said San Diego County January 11 , 1977.
EXCEPTING therefrom, that portion lying Westerly of a line described as follows :
Beginning at the Southeast corner of said Lot 275; thence North 88°51 '33" West along the
Southerly line thereof 1332.90 feet to the TRUE POINT OF BEGINNING; thence North 1018'34"
East to a point in the Northerly line of said Lot 275.
I. ' 1324
",x0,4xXX,x,X .i1 l easement of ri t of way in the:aforesaid lands is particularly(lescrr &d as follows:
I
All that portion of the Easterly 20.00 feet of said Lot 275 lying Southerly of the
following described line:
Commencing at the Southeast corner of said Lot 275; thence along the Easterly line
thereof North l °55'26" East 72.66 feet to a point on the arc of a non-tangent 530.00
foot radius curve, concave Northerly, a radial line to said point bears South 7°54 '28"
West, being the TRUE POINT OF BEGINNING; thence Westerly along the arc of said curve,
to the Westerly line of said Easterly 20.00 feet of Lot 275.
Grantor and 1 is successors in estate shall not erect or construct,or permit to be erected or constructed,any building
or other structure,plant any tree or trees,or drill any well or wells,within the limits of said right of way.
Grantee shall have the right to erect,maintain and use gates in all fences which now cross or shall hereafter cross said route or
routes, and to trim and cur and clear away any trees and brush whenever in its judgment the same shall be necessary for the con-
venient and safe exercise of the rights hereby granted,the right to transfer and assign this easement in whole or in part being here-
by granted to the Grantee.
Grantor agrees that no other easement or easements shall be granted on,under or over said strip of land by Grantor,without
the previous written consent of Grantee.
It is also understood and agreed by the parties hereto that the Grantor and i tS successors or assigns,shall not increase
or decrease,or permit to be increased or decreased, the existing ground elevations of the above described right of way,existing
at the time this document is executed,without the previous written consent of the Grantee.
?Jn 3iliturnn ltlllrrrnf, the Grantor has executed these resentststhis g.,.��.]]dayvvof. . . 19 .8
°C all O a G ri Tc� � artn rn
BBBB Lomas Verdes eve opmen orporati
Executed in the Presence of: ManaginQ _Partne•ry #
Witness. .Gerald"L�'.S•n- 1 P es±den•t
Witness. Robert H. Stone, Asst. secretary
TAX PARCEL NO. 273-790-03
RrW No. lO.i0989
DRAWN BY
CHECKED BY
ACCT. NO. C-P03_273-03 NOTARIES—USE PROPER FORM ON BACK.
DATE November 21 , 1979/jlg
RIw.Gra ,t Form B101-6
I
r • '
- ! 132 a
1325
PANORAMA N/LLS UN/T 2
; MAP 8457
ry V
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74
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11
vv/Nee W NE%4 OF NE %4
�— Y -5 SECT/ON 24
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275 - '' . loo
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I 4i SEE BETA/L.
Q .30, I n BELOW
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20 fi—_�
k1
119 //8 117 > //u' //5 1/4
ST, ANDREWS 1 DRIVE
61 62 63 64- 65 66
VA L L E VERDE COUNTRY CLUB ESTATES
MAP 4683
iI
k0 ' (LOT F, MAP.f683)
•
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1 jtki
cb c N
DETAIL
NO SCALE
J
1 ///... /ND/CATES WATER
L/NE EASEMENT
Project: LOMAS YERDES ESTATES UN/T 3
References : PLAT C.A.N. C-P03-273-03
of easements required by the R/W # /060989
Poway Municipal Water District Tax Par. 273-790-03
camoneationBase Map 3 __
, 0
Date: NOV 21, 1979
Scale: / - 200' consulting fngtnssrs 1 srcnttscts
i
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